Legendary Trader Paul Tudor Jones II Says ‘One Should Not Focus On Making Money But On Protecting What You Have’
Paul Tudor Jones II, a legendary trader known for his unique investment strategy, stresses the significance of protecting existing wealth rather than chasing new fortunes.
Jones, who forwent a conventional business education to set up his own fund, Tudor Investment Corporation, has become a prominent figure in macro trading. His investment strategy doesn’t revolve around individual companies or sectors, but rather on predicting fluctuations in interest rates and currencies.
Jones gained significant recognition when he successfully shorted the market during Black Monday in 1987. His fund yielded a 200% return that year, earning him an estimated $100 million and establishing his reputation in the hedge fund industry.
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